|
Name
|
Date
|
|
|
|
|
Leveraged Finance Weekly
|
2009-10-09 |
...Fitch Ratings assigned a `BB+' rating to Convergys' new #.##% junior subordinated convertible debentures due #### issued in conjunction with the company's debt exchange that concluded on Oct. #, ####. Fitch also affirmed the company's existing ratings as follows: long-term issuer default rating (IDR) at `BBBÂ', senior unsecured revolving credit facility at `BBBÂ', senior unsecured notes at `BBBÂ'; short-term IDR at `F#', and commercial paper program at `F#'. Approximately $### million of debt is affected by Fitch's action. The Rating Outlook is Negative. Fitch's rating concerns and Negative Outlook center on Convergys' continued implementation challenges and free cash flow pressure relating to two significant Human Resources Management contracts, as well as uncertainty regarding the timing and ultimate resolution of ongoing client negotiations to restructure these contracts; continued revenue pressures expected in the second half of #### due primarily to lower-than-expected call volume...
|
|
|
| Home Loan Services, Inc.
|
2009-10-09 |
...Home Loan Services, Inc.'s (HLS) residential servicing operations are rated `RPS#' as a primary servicer of Alt-A and subprime products and `RSS#' as a special servicer by Fitch Ratings. The ratings reflect HLS' solid management team, strong control environment, and effective default management and loss mitigation capabilities. The special servicer rating reflects HLS' ability to manage and liquidate nonperforming loans and REO assets. The ratings also incorporate the financial condition of HLS' indirect parent, Merrill Lynch & Co., Inc. (Merrill Lynch), which was acquired by Bank of America Corporation (BAC) in January ####. Fitch's long term issuer default ratings (IDRs) for both Merrill Lynch and BAC are currently `A+' with a Stable Rating Outlook. The IDRs for both Merrill Lynch and BAC are dependent on support from the U.S. government (for additional information regarding Merrill Lynch and BAC, see Fitch's Web site at www.fitchratings.com)....
|
|
|
| American Financial Group, Inc. (And U.S. Non-Life and Life Insurance Subsidiaries)
|
2009-10-09 |
...American Financial Group, Inc.'s (AFG) ratings reflect its solid operating performance and liquidity position. These positive factors are partially offset by uncertain loss reserve development in asbestos and other longer tail liabilities. Additionally, the stand-alone insurer financial strength (IFS) ratings for AFG's wholly owned annuity and supplemental insurance subsidiaries are lower than the current `A+', reflecting support and financial flexibility provided by the larger AFG organization....
|
|
|
| Fairfax County, Virginia - improv bonds ser 2009C, 2009D, & 2009E
|
2009-10-09 |
...New Issues AAA AAA General Obligation Public Improvement Refunding Bonds, Series ####C General Obligation Public Improvement Bonds, Series ####D General Obligation Public Improvement Bonds, Series ####E (Federally Taxable Build America Bonds) Outstanding Debt AAA AAA General Obligation Bonds...
|
|
|
| Subnational Financing Rated in Mexico
|
2009-10-09 |
...in late ####, ## subnational entities received issuer risk ratings during #### and ####, by authorized rating agencies. Such ratings were used as a basis for the assignment of ratings to specific financings entered by or related to the entities, starting in December, ####. The purpose of this report is to assess and characterize the group of outstanding rated financings, highlighting as well the most important changes that have taken place during the almost # years of evolution....
|
|
|
| Fitch confirma las calificaciones de BICE
|
2009-10-09 |
Fitch confirma las calificaciones de BICE ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina, Bs. As. Fitch Argentina confirmo la categoria A+(arg) para el Endeudamiento de Largo Plazo y la categoria... |
|
|
| Fitch Rates America Movil's US$750MM Senior Notes 'A-'
|
2009-10-09 |
Fitch Rates America Movil's US$###MM Senior Notes 'A-' ## Oct #### #:## PM (EDT) Fitch Ratings-Monterrey/Chicago-## October ####: Fitch Ratings has assigned an 'A-' rating to America Movil's, S.A.B. de C.V.'s (America Movil) US$### million... |
|
|
| Fitch Rates AH Mortgage Advance Trust 2009-ADV3
|
2009-10-09 |
Fitch Rates AH Mortgage Advance Trust ####-ADV# ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has rated the AH Mortgage Advance Trust ####-ADV#, advance receivables-backed notes, series ####-ADV# as... |
|
|
| Fitch Rates Capital One Multi-Asset Execution Trust, CardSeries Class B (2009-C)
|
2009-10-09 |
Fitch Rates Capital One Multi-Asset Execution Trust, CardSeries Class B (####-C) ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has assigned an 'A' rating to the following class of Capital One Multi-Asset... |
|
|
| Fitch confirmo calificaciones de Columbia Tarjetas
|
2009-10-09 |
Fitch confirmo calificaciones de Columbia Tarjetas ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo las calificaciones asignadas a los instrumentos vigentes que fueron emitidos bajo los Fideicomisos... |
|
|
| Fitch confirmo las calificaciones de Ribeiro
|
2009-10-09 |
Fitch confirmo las calificaciones de Ribeiro ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo las calificaciones asignadas a los instrumentos emitidos y vigentes bajo los Fideicomisos Financieros Series... |
|
|
| Fitch Affirms The Moorings, Inc., Florida's Underlying Rating at 'A+'; Outlook Stable
|
2009-10-09 |
Fitch Affirms The Moorings, Inc., Florida's Underlying Rating at 'A+'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-Tampa-## October ####: Fitch Ratings has affirmed the underlying ratings on Moorings Park's $##.# million series... |
|
|
| Fitch actualizo las calificaciones de los Fideicomisos Fava
|
2009-10-09 |
Fitch actualizo las calificaciones de los Fideicomisos Fava ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo las calificaciones asignadas a los instrumentos vigentes que fueron emitidos bajo los Fideicomisos... |
|
|
| Fitch Rates Arlington County, Virginia Gos 'AAA'; Outlook Stable
|
2009-10-09 |
Fitch Rates Arlington County, Virginia Gos 'AAA'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns an 'AAA' rating to Arlington County, Virginia's (the county) approximately $## million... |
|
|
| Fitch Takes Various Rating Actions on MSC 2007-SRR3
|
2009-10-09 |
Fitch Takes Various Rating Actions on MSC ####-SRR# ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has downgraded ## classes issued by MSC ####-SRR# as a result of significant negative credit migration... |
|
|
| Fitch Affirms Nemours Foundation (FL) Series 2009A, B & C Revs 'AA+'; Outlook Stable
|
2009-10-09 |
Fitch Affirms Nemours Foundation (FL) Series ####A, B & C Revs 'AA+'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings affirms the following series of revenue bonds issued by the Orange County... |
|
|
| Fitch asigna calificaciones corporativas de Agrofinanzas
|
2009-10-09 |
Fitch asigna calificaciones corporativas de Agrofinanzas ## Oct #### #:## PM (EDT) Fitch Ratings-Monterrey-## October ####: Fitch Ratings asigno las Calificaciones Corporativas en 'BB(mex)' para el mediano y largo plazo, y 'B(mex)' para... |
|
|
| Fitch Downgrades and Removes MSC 2007-SRR4 from Watch Negative
|
2009-10-09 |
Fitch Downgrades and Removes MSC ####-SRR# from Watch Negative ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has downgraded ## classes and removed the Rating Watch Negative on eight classes issued by... |
|
|
| Fitch Affirms Benton County Public Utility District's, WA Electric Revs at 'A'; Outlook Stable
|
2009-10-09 |
Fitch Affirms Benton County Public Utility District's, WA Electric Revs at 'A'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings affirms the 'A' rating on Benton County Public Utility District... |
|
|
| Fitch Rates Oklahoma Development Finance Authority's $8.2MM Lease Revs 'AA-'; Outlook Stable
|
2009-10-09 |
Fitch Rates Oklahoma Development Finance Authority's $#.#MM Lease Revs 'AA-'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has assigned an 'AA-' rating to $#.# million Oklahoma Development... |
|
|
| Fitch Affirms Minnesota School District Credit Enhancement Program at 'AA+'; Outlook to Negative
|
2009-10-09 |
Fitch Affirms Minnesota School District Credit Enhancement Program at 'AA+'; Outlook to Negative ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings affirms the Minnesota School District Credit Enhancement... |
|
|
| Fitch Rates Minneapolis School Dist No. 1, MN $32.9MM GOs & COPs 'AA+'; Underlying 'AA-'
|
2009-10-09 |
Fitch Rates Minneapolis School Dist No. #, MN $##.#MM GOs & COPs 'AA+'; Underlying 'AA-' ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings assigns an 'AA+' rating to the following Minneapolis Special School... |
|
|
| Fitch Rates Mississippi's GOs 'AA'; Outlook Stable
|
2009-10-09 |
Fitch Rates Mississippi's GOs 'AA'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has assigned 'AA' ratings to the following State of Mississippi (the state) general obligation (GO) bonds:... |
|
|
| Fitch Affirms Cleveland-Cuyahoga County Port Auth, Ohio Revs at 'BBB-'; Outlook Negative
|
2009-10-09 |
Fitch Affirms Cleveland-Cuyahoga County Port Auth, Ohio Revs at 'BBB-'; Outlook Negative ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings affirms its 'BBB-' rating on approximately $## million Cleveland-Cuyahoga... |
|
|
| Fitch Affirms Toledo-Lucas County Port Auth, Ohio Revs at 'BBB-'; Outlook Negative
|
2009-10-09 |
Fitch Affirms Toledo-Lucas County Port Auth, Ohio Revs at 'BBB-'; Outlook Negative ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings affirms its 'BBB-' rating on the $##.# million Toledo-Lucas County Port... |
|
|
| Fitch Affirms Gwinnett Health System's (Georgia) Revs at 'A+'; Outlook Stable
|
2009-10-09 |
Fitch Affirms Gwinnett Health System's (Georgia) Revs at 'A+'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has affirmed its underlying 'A+' rating on the approximately $###.# million... |
|
|
| Fitch Downgrades DECO 15 - Pan Europe 6; Outlook Negative
|
2009-10-09 |
Fitch Downgrades DECO ## - Pan Europe #; Outlook Negative ## Oct #### #:## PM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today downgraded six classes of DECO ## - Pan Europe # Ltd (DECO ##) and affirmed the class A#... |
|
|
| Fitch Rates John Deere Owner Trust 2009-B
|
2009-10-09 |
Fitch Rates John Deere Owner Trust ####-B ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings assigns the following ratings to John Deere Owner Trust ####-B: --$###,###,### class A-# 'F#+'; --$###,###,### class... |
|
|
| Fitch Rates Orlando Utilities Commission's (FL) $135MM 2009C Utility Syst Rev Rfdg Bonds 'AA'
|
2009-10-09 |
Fitch Rates Orlando Utilities Commission's (FL) $###MM ####C Utility Syst Rev Rfdg Bonds 'AA' ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns an 'AA' rating to the Orlando Utilities Commission's... |
|
|
| Fitch asigna una calificacion de AA+(mex) a un credito bancario del Estado de Jalisco
|
2009-10-09 |
Fitch asigna una calificacion de AA+(mex) a un credito bancario del Estado de Jalisco ## Oct #### #:## PM (EDT) Fitch Ratings-Monterrey-## October ####: Fitch Ratings otorgo una calificacion de AA+(mex) 'Doble A mas, en la escala nacional',... |
|
|
| Credit Analysis: Star Gas Partners L.P.
|
2009-10-09 |
...Fitch Ratings affirmed the `B' issuer default rating (IDR) of Star Gas Partners, L.P. (Star Gas) and raised the rating on its outstanding ##.##% senior unsecured notes due ####, co-issued with its special purpose financing subsidiary Star Gas Finance Company (the notes), to `BBÂ/RR#' from `B+/RR#'. The Rating Outlook is Stable. Approximately $### million of notes remain outstanding. The decisions to affirm Star Gas' IDR and maintain its Stable Outlook take into account the improvement in the company's overall performance, lower debt balances, and the ability of the company to complete a refinancing of its Petroleum Heat and Power Company (Petro) subsidiary revolver in a difficult market environment. These positives are partially offset by the known volatility in heating oil prices, the overall decline in the market for heating oil distribution, continued customer attrition, and conservation and conversions. The recovery rating for the outstanding notes was changed to `RR#' from `RR#', signifying...
|
|
|
| Secubono XXXII
|
2009-10-09 |
...Fitch confirma la calificación de los Certificados de Participación (CP) emitidos bajo el Fideicomiso Financiero Secubono XXXI. A la fecha del presente informe, los Valores de Deuda Fiduciaria (VDF) se encuentran Ãntegramente amortizados....
|
|
|
| Queen Anne's County, Maryland - public facil bonds ser 2009A&B
|
2009-10-09 |
...New Issues Public Facilities Bonds, Series ####A (Tax-Exempt) AA AA Public Facilities Bonds, Series ####B (Tax-Exempt) or (Taxable Build America Bonds  Direct Pay) Outstanding Debt General Obligation Bonds AA...
|
|
|
| Secubono XXVIII
|
2009-10-09 |
...Fitch confirma la calificación de los Certificados de Participación (CP) emitidos bajo el Fideicomiso Financiero Secubono XXVIII. A la fecha del presente informe, los Valores de Deuda Fiduciaria (VDF) se encuentran Ãntegramente amortizados....
|
|
|
| Secubono XXIX
|
2009-10-09 |
...Fitch confirma la calificación de los Certificados de Participación (CP) emitidos bajo el Fideicomiso Financiero Secubono XXIX. A la fecha del presente informe, los Valores de Deuda Fiduciaria (VDF) se encuentran Ãntegramente amortizados....
|
|
|
| Secubono XXX
|
2009-10-09 |
...Fitch confirma la calificación de los Certificados de Participación (CP) emitidos bajo el Fideicomiso Financiero Secubono XXX. A la fecha del presente informe, los Valores de Deuda Fiduciaria (VDF) se encuentran Ãntegramente amortizados....
|
|
|
| Secubono XXXI
|
2009-10-09 |
...Fitch confirma la calificación de los Certificados de Participación (CP) emitidos bajo el Fideicomiso Financiero Secubono XXXI. A la fecha del presente informe, los Valores de Deuda Fiduciaria (VDF) se encuentran Ãntegramente amortizados....
|
|
|
| Secubono XXXIII
|
2009-10-09 |
...Fitch confirma las calificaciones de los Valores de Deuda Fiduciaria Clase C (VDFC) y Certificados de Participación (CP) emitidos bajo el Fideicomiso Financiero Secubono XXXIII. A la fecha del presente informe, los Valores de Deuda Fiduciaria Clase A (VDFA) y Clase B (VDFB) se encuentran Ãntegramente amortizados....
|
|
|
| Secubono XXXIV
|
2009-10-09 |
...Fitch confirma las calificaciones de los Valores de Deuda Fiduciaria Clase B (VDFB), Clase C (VDFC) y Certificados de Participación (CP) emitidos bajo el Fideicomiso Financiero Secubono XXXIV....
|
|
|
| Secubono XXXV
|
2009-10-09 |
...Fitch confirma las calificaciones de los instrumentos emitidos bajo el Fideicomiso Financiero Secubono XXXV....
|
|
|
| Secubono XXXVI
|
2009-10-09 |
...Fitch confirma las calificaciones de los instrumentos emitidos bajo el Fideicomiso Financiero Secubono XXXVI....
|
|
|
| Secubono XXXVII
|
2009-10-09 |
...Fitch confirma las calificaciones de los instrumentos emitidos bajo el Fideicomiso Financiero Secubono XXXVII....
|
|
|
| Secubono XXXVIII
|
2009-10-09 |
...Fitch confirma las calificaciones de los instrumentos emitidos bajo el Fideicomiso Financiero Secubono XXXVIII....
|
|
|
| Secubono XXXIX
|
2009-10-09 |
...Fitch confirma las calificaciones de los instrumentos emitidos bajo el Fideicomiso Financiero Secubono XXXIX....
|
|
|
| Secubono XL
|
2009-10-09 |
...Los Valores de Deuda Fiduciaria Clase A y B (VDFA y VDFB) soportaron diferentes escenarios de estrés sobre los niveles de mora y precancelaciones bases, los cuales son compatibles con las calificaciones asignadas. El impacto de las pérdidas y de las precancelaciones sobre el flujo de los créditos fue distribuido en el tiempo durante la vida del fideicomiso. Para las calificaciones de los VDF, no se consideraron posibles recuperos sobre los créditos morosos de la cartera....
|
|
|
| Secubono XLI
|
2009-10-09 |
...Los Valores de Deuda Fiduciaria Clase (VDF) soportaron diferentes escenarios de estrés sobre los niveles de mora y precancelaciones bases, los cuales son compatibles con las calificaciones asignadas. El impacto de las pérdidas y de las precancelaciones sobre el flujo de los créditos fue distribuido en el tiempo durante la vida del fideicomiso. Para las calificaciones de los VDF, no se consideraron posibles recuperos sobre los créditos morosos de la cartera....
|
|
|
| Secubono XLII
|
2009-10-09 |
...Recibida la cartera y documentación definitiva, Fitch confirma las calificaciones de los instrumentos emitidos bajo el presente fideicomiso....
|
|
|
| Secubono XLIII
|
2009-10-09 |
...Los VDFA y VDFB soportaron diferentes escenarios de estrés sobre los niveles de mora y precancelaciones bases, los cuales son compatibles con las calificaciones asignadas. El impacto de las pérdidas y de las precancelaciones sobre el flujo de los créditos fue distribuido en el tiempo durante la vida del fideicomiso. Para las calificaciones de los VDF, no se consideraron posibles recuperos sobre los créditos morosos de la cartera....
|
|
|
| Central Piedrabuena S.A.
|
2009-10-09 |
...La calificación de CPB se basa en la calidad del activo, con una razonable estructura de capital considerando su generación de fondos y requerimientos de capital de trabajo del negocio. Aprovechando las oportunidades del actual contexto energético, la compañÃa esta focalizada en aumentar la generación de electricidad utilizando combustibles lÃquidos propios. Fitch prevé que la actual estrategia podrÃa sostenerse en el corto-mediano plazo en la medida que persista el desbalance energético. Los principales riesgos son la mayor exposición a las cobranzas por parte de CAMMESA, el débil marco regulatorio y los requerimientos de capital de trabajo que genera operar con combustibles lÃquidos propios....
|
|
|
| Secubono XLIV
|
2009-10-09 |
...Los VDFA y VDFB soportaron diferentes escenarios de estrés sobre los niveles de mora y precancelaciones bases, los cuales son compatibles con las calificaciones asignadas. El impacto de las pérdidas y de las precancelaciones sobre el flujo de los créditos fue distribuido en el tiempo durante la vida del fideicomiso. Para las calificaciones de los VDF, no se consideraron posibles recuperos sobre los créditos morosos de la cartera....
|
|
|
| Secubono XLV
|
2009-10-09 |
...Recibida la cartera y documentación definitiva, Fitch confirmó a las calificaciones de los instumentos emitidos bajo el presente fideicomiso....
|
|
|
| RÃœGEN EINS GmbH
|
2009-10-09 |
...RÃœGEN EINS is a cash CLO transaction securitising loans to German midsized and larger companies originated by Commerzbank AG (`A+'/Outlook Stable/`F#+'). At closing, RÃœGEN EINS GmbH (the issuer) issued two classes of notes and applied the issuance proceeds to purchase the cutoff portfolio, comprising #,### loans to #,### obligors, amounting to EUR#,###m. The transaction has a two year replenishment period, during which, principal proceeds and/or repurchase proceeds may be used to purchase additional loans, subject to eligibility and replenishment criteria. Fitch Ratings has assigned a credit rating of `AAA' and a loss severity rating of `LS#' to the class A notes. The credit rating addresses ultimate payment of principal and timely payment of interest. The rating is based on credit enhancement provided by the unrated class B notes amounting to EUR###.#m, legal and structural characteristics, as well as the sound operational capabilities of Commerzbank AG, the principal counterparty in the...
|
|
|
| Canadian River Municipal Water Authority, Texas (Conjunctive Use Groundwater Supply Project) - contract rev bds ser 2009
|
2009-10-09 |
...Credit profiles of Canadian River Municipal Water Authority's two largest members' utility systems (Amarillo and Lubbock) are good, although Lubbock's metrics have weakened in recent fiscal years. Legal protections are strong and include a step-up provision in the event of nonpayment by one or more members. The authority provides an essential service to member agencies. Apart from member agencies, the authority has some additional flexibility from its own liquidity position. The authority has a long and successful operating history....
|
|
|
| Fitch Rates RUEGEN EINS's Notes at 'AAA'; Outlook Stable
|
2009-10-09 |
Fitch Rates RUEGEN EINS's Notes at 'AAA'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-London/Frankfurt-## October ####: Fitch Ratings has today assigned RUEGEN EINS's EUR#,###.#m class A notes, due ####, the ratings detailed... |
|
|
| Fitch Affirms Kimberly-Clark's IDR at 'A'; Outlook Stable
|
2009-10-09 |
Fitch Affirms Kimberly-Clark's IDR at 'A'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has affirmed Kimberly-Clark Corporations' (KMB)ratings as follows: --Long-term Issuer Default... |
|
|
| Fitch Downgrades Cordusio 4 RMBS 2007; Assigns Negative Outlooks
|
2009-10-09 |
Fitch Downgrades Cordusio # RMBS ####; Assigns Negative Outlooks ## Oct #### ##:## AM (EDT) Fitch Ratings-London/Milan-## October ####: Fitch Ratings has today downgraded one and affirmed five tranches of Cordusio RMBS Securitisation... |
|
|
| Fitch Affirms CenterPoint Energy & Subsidiaries; Upgrades CEHE
|
2009-10-09 |
Fitch Affirms CenterPoint Energy & Subsidiaries; Upgrades CEHE ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has taken rating actions on the Issuer Default Ratings (IDRs) and outstanding debt ratings... |
|
|
| Fitch Downgrades Wellington Pub's Notes; Outlook Negative
|
2009-10-09 |
Fitch Downgrades Wellington Pub's Notes; Outlook Negative ## Oct #### ##:## AM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today downgraded Wellington Pub Company plc's (Wellington) fixed rate notes as follows: GBP###.#m... |
|
|
| Fitch Rates Suffolk, Virginia's $27.6MM GOs 'AA-'; Outlook Positive
|
2009-10-09 |
Fitch Rates Suffolk, Virginia's $##.#MM GOs 'AA-'; Outlook Positive ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns an 'AA-' rating to Suffolk, Virginia's (the city) estimated $##.# million general... |
|
|
| Fitch Rates Groton, Connecticut's 2009 GOs 'AA-' & BANs 'F1+'; Outlook Stable
|
2009-10-09 |
Fitch Rates Groton, Connecticut's #### GOs 'AA-' & BANs 'F#+'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns an 'AA-' rating to the town of Groton, CT's $#.# million of #### general... |
|
|
| Fitch Affirms Northeast Utilities & Subsidiaries' IDRs at 'BBB'; Outlook Stable
|
2009-10-09 |
Fitch Affirms Northeast Utilities & Subsidiaries' IDRs at 'BBB'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) and debt ratings for Northeast... |
|
|
| Fitch Assigns Banca Popolare di Milano's Covered Bonds Final 'AAA' Rating
|
2009-10-09 |
Fitch Assigns Banca Popolare di Milano's Covered Bonds Final 'AAA' Rating ## Oct #### ##:## PM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today assigned Banca Popolare di Milano's (BPM, 'A'/'F#'/Outlook Negative) second... |
|
|
| Fitch confirmo en A2(arg) los VCP de Central Piedra Buena S.A.
|
2009-10-09 |
Fitch confirmo en A#(arg) los VCP de Central Piedra Buena S.A. ## Oct #### ##:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo en Categoria A# a los Valores de Corto Plazo Clase I por hasta $ ### MM y a los Valores... |
|
|
| Fitch Rates COREALCREDIT's Guaranteed Notes 'AAA'
|
2009-10-09 |
Fitch Rates COREALCREDIT's Guaranteed Notes 'AAA' ## Oct #### ##:## PM (EDT) Fitch Ratings-London/Frankfurt-## October ####: Fitch Ratings has today assigned Germany-based COREALCREDIT BANK AG's (Coreal) issue of EUR###m guaranteed notes... |
|
|
| Fitch Rates Raleigh, North Carolina Combined Enterprise System Rfdg Revs Series 2009A 'AAA'
|
2009-10-09 |
Fitch Rates Raleigh, North Carolina Combined Enterprise System Rfdg Revs Series ####A 'AAA' ## Oct #### ##:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns an 'AAA' rating to the city of Raleigh, North Carolina's... |
|
|
| Fitch Assigns ArcelorMittal's 2039 Bonds Final 'BBB' Rating
|
2009-10-09 |
Fitch Assigns ArcelorMittal's #### Bonds Final 'BBB' Rating ## Oct #### ##:## PM (EDT) Fitch Ratings-London/Frankfurt-## October ####: Fitch Ratings has today assigned ArcelorMittal S.A.'s (AM) USD#bn ##-year (####) notes issue a final... |
|
|
| Fitch Affirms HSBC France at 'AA'; Outlook Negative
|
2009-10-09 |
Fitch Affirms HSBC France at 'AA'; Outlook Negative ## Oct #### ##:## PM (EDT) Fitch Ratings-London/Paris-## October ####: Fitch Ratings has today affirmed HSBC France's ratings at Long-term Issuer Default (IDR) 'AA', Short-term IDR... |
|
|
| Fitch Baja la Calificacion de los Bonos de Bodegas y Vinedos de La Concepcion
|
2009-10-09 |
Fitch Baja la Calificacion de los Bonos de Bodegas y Vinedos de La Concepcion ## Oct #### ##:## PM (EDT) Fitch Ratings-La Paz-## October ####: Fitch Ratings ha decidido modificar la calificacion a B(bol) desde B+(bol) y la perspectiva... |
|
|
| Fitch Affirms Jennie Stuart Medical Center (Kentucky) at 'BBB+'; Outlook Stable
|
2009-10-09 |
Fitch Affirms Jennie Stuart Medical Center (Kentucky) at 'BBB+'; Outlook Stable ## Oct #### ##:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings affirms the underlying 'BBB+' rating on the County of Christian, Kentucky's... |
|
|
| Amended: Fitch Places 6 Classes of Morgan Stanley 2006-XLF on Watch Negative
|
2009-10-09 |
Amended: Fitch Places # Classes of Morgan Stanley ####-XLF on Watch Negative ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: (This is an amended version of a press release issued Sept. ##, ####, containing additional... |
|
|
| Fitch Upgrades Belmont, CA CFD No. 2000-1 Bonds to 'A'; Outlook Stable
|
2009-10-09 |
Fitch Upgrades Belmont, CA CFD No. ####-# Bonds to 'A'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-San Francisco-## October ####: In the course of routine surveillance, Fitch Ratings upgrades to 'A' from 'A-' the Community... |
|
|
| Fitch: Phibro Acquisition May Create Additional Risk for OXY's Credit Quality
|
2009-10-09 |
Fitch: Phibro Acquisition May Create Additional Risk for OXY's Credit Quality ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings anticipates no change to Occidental Petroleum's (OXY) credit ratings (IDR 'A';... |
|
|
| Fitch U.S. Muni Surveillance: Alabama GO Bonds Affirmed at 'AA'
|
2009-10-09 |
Fitch U.S. Muni Surveillance: Alabama GO Bonds Affirmed at 'AA' ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: In the course of routine surveillance, Fitch Ratings affirms the 'AA' rating on the State of Alabama's... |
|
|
| Fitch Asigna Calificacion a los Bonos de Gravetal Bolivia S.A.
|
2009-10-09 |
Fitch Asigna Calificacion a los Bonos de Gravetal Bolivia S.A. ## Oct #### #:## PM (EDT) Fitch Ratings-La Paz-## October ####: Fitch Ratings asigno la calificacion de BBB+(bol) con perspectiva estable a las emisiones Bonos Gravetal Bolivia... |
|
|
| DFCC Bank
|
2009-10-09 |
...DFCC Bank's (DFCC) rating is driven by its strong capital base supported by ongoing high profitability. The rating remains constrained by DFCC's relatively higher exposure to highrisk project finance as well as the challenges in securing longterm funding for its longer tenure project loans. Fitch Ratings also notes that while DFCC is well capitalised (endJune #### equity/assets: ##.#%; group core ratio: ##.#%; total capital adequacy ratio: ##.#%), its strong capital position could come under pressure as it diversifies into commercial banking....
|
|
|
| DFCC Bank
|
2009-10-09 |
...DFCC Bank's (DFCC) rating is driven by its strong capital base supported by ongoing high profitability. The rating remains constrained by DFCC's relatively higher exposure to highrisk project finance as well as the challenges in securing longterm funding for its longer tenure project loans. Fitch Ratings also notes that while DFCC is well capitalised (endJune #### equity/assets: ##.#%; group core ratio: ##.#%; total capital adequacy ratio: ##.#%), its strong capital position could come under pressure as it diversifies into commercial banking....
|
|
|
| DFCC Vardhana Bank Ltd
|
2009-10-09 |
...The rating of DFCC Vardhana Bank Ltd (DVB) is driven by the implied support assumed to be available from its parent, DFCC Bank (DFCC; `AA(lka)'/Stable). DVB accounts for ##% of the assets of DFCC group and is expected to play an important strategic role in DFCC's future plans. In addition to the common franchise shared by the banks, the operations of the two are closely linked with an integration of treasury and backoffice functions as well as shared personnel and input on key decisionmaking committees....
|
|
|
| DFCC Vardhana Bank Ltd
|
2009-10-09 |
...The rating of DFCC Vardhana Bank Ltd (DVB) is driven by the implied support assumed to be available from its parent, DFCC Bank (DFCC; `AA(lka)'/Stable). DVB accounts for ##% of the assets of DFCC group and is expected to play an important strategic role in DFCC's future plans. In addition to the common franchise shared by the banks, the operations of the two are closely linked with an integration of treasury and backoffice functions as well as shared personnel and input on key decisionmaking committees....
|
|
|
| Standard Life Plc
|
2009-10-09 |
...Standard Life Plc's (SL) capitalisation remains strong, despite financial market declines, reflecting its "capitallite" product mix and the ability to share investment volatility with policyholders....
|
|
|
| PT Adaro Indonesia (Amended)
|
2009-10-09 |
...PT Adaro Indonesia's (Adaro) ratings are supported by its position as one of Indonesia's largest and one of the world's lowest cost thermal coal producers. This enables the company to generate robust operating cash flows through commodity cycles while mitigating to some extent its exposure to volatile coal prices. It has a strong track record of consistent growth and free cash flow generation, enabling it to deleverage and improve its financial profile significantly....
|
|
|
| Oriental Bank of Commerce Ltd.
|
2009-10-09 |
...After the merger with Global Trust Bank (GTB) in FY##, Oriental Bank of Commerce Ltd.'s (OBC) performance has lagged behind that of the higherrated Indian banks. This is reflected in its LongTerm IDR. The ratings take comfort from the bank's high Tier I ratio, as asset quality could come under pressure due to its rapidly increased restructured loans and higher concentration risk....
|
|
|
| Infrastructure Development Finance Company Ltd
|
2009-10-09 |
... (IDFC) ratings reflect its strong capitalisation, the diversity of its income streams and its risk management practices, which have helped it manage business risks well....
|
|
|
| Infrastructure Development Finance Company Ltd
|
2009-10-09 |
... (IDFC) ratings reflect its strong capitalisation, the diversity of its income streams and its risk management practices, which have helped it manage business risks well....
|
|
|
| Phorotech Surfin (India) Pvt Ltd
|
2009-10-09 |
...Phorotech Surfin (India) Pvt Ltd's (PSPL) ratings reflect the strength of its business, with high and stable EBITDA margins and a track record of low financial leverage....
|
|
|
| Mokalbari Kanoi Tea Estate Pvt Ltd
|
2009-10-09 |
...The assigned ratings draw comfort from Mokalbari Kanoi Tea Estate Pvt Ltd's (MKTL) profitable operations since the tea industry emerged from a period of slackening demand and margin pressures in financial year #### (FY##). This, in turn, reflects MKTL's ability to achieve average market price realisations. The expansion programme, which was undertaken and completed in FY##, will help to further improve productivity and product quality....
|
|
|
| Antelec Pvt Ltd
|
2009-10-09 |
...The ratings reflect Antelec Pvt Ltd's (Antelec) steady revenue growth, profitability and established reputation as an electrical contractor in India. However, the company has experienced a fall in revenues in FY## on the back of the general economic slowdown which has led to a reduction in commercial as well as ports/airports infrastructure construction projects....
|
|
|
| Fitch Affirms and Withdraws ICICI Prudential's National IFS Rating
|
2009-10-09 |
Fitch Affirms and Withdraws ICICI Prudential's National IFS Rating ## Oct #### ##:## PM (EDT) Fitch Ratings-Hong Kong/Singapore-## October ####: Fitch Ratings has today affirmed and withdrawn ICICI Prudential Life Insurance Co Ltd's... |
|
|
| Fitch Rates Thailand's TMB Bank's Subordinated Debentures 'A (tha)'
|
2009-10-09 |
Fitch Rates Thailand's TMB Bank's Subordinated Debentures 'A (tha)' ## Oct #### ##:## AM (EDT) Fitch Ratings-Bangkok/Singapore-## October ####: Fitch Ratings (Thailand) has today assigned an 'A(tha)' National Long-term rating to TMB... |
|
|
| Fitch Downgrades 2 Classes of JLOC XXXIII TBIs; 1 Remains on RWN
|
2009-10-09 |
Fitch Downgrades # Classes of JLOC XXXIII TBIs; # Remains on RWN ## Oct #### #:## AM (EDT) Fitch Ratings-Tokyo/Hong Kong-## October ####: Fitch Ratings has today downgraded two and affirmed three classes of trust beneficiary interests... |
|
|
| Fitch Affirms Sri Lanka's Ratings at 'B+', Outlook Revised to Stable
|
2009-10-09 |
Fitch Affirms Sri Lanka's Ratings at 'B+', Outlook Revised to Stable ## Oct #### #:## AM (EDT) Fitch Ratings-Hong Kong/Singapore-## October ####: Fitch Ratings has today revised the Outlook on the Democratic Socialist Republic of Sri... |
|
|
| Fitch Assigns Expected Rating to DA Program-Oct09-1
|
2009-10-09 |
Fitch Assigns Expected Rating to DA Program-Oct##-# ## Oct #### #:## AM (EDT) Fitch Ratings-Mumbai/Singapore-## October ####: Fitch Ratings has assigned an expected rating of 'AAA(ind)(SO)' with a Stable Outlook and a Loss Severity Rating... |
|
|
| Fitch: No Immediate Rating Impact on Banco Rendimento from Concordia Banco Buy
|
2009-10-09 |
Fitch: No Immediate Rating Impact on Banco Rendimento from Concordia Banco Buy ## Oct #### #:## AM (EDT) Fitch Ratings-London/Sao Paulo/Rio-## October ####: Fitch Ratings says Banco Rendimento S.A.'s (Rendimento) ##% acquisition of Concordia... |
|
|
| Fitch Rates PJSC Azovstal Iron and Steel Works at 'B'; Outlook Negative
|
2009-10-09 |
Fitch Rates PJSC Azovstal Iron and Steel Works at 'B'; Outlook Negative ## Oct #### #:## AM (EDT) Fitch Ratings-London/Moscow-## October ####: Fitch Ratings has today assigned Ukraine-based PJSC Azovstal Iron and Steel Works (Azovstal)... |
|
|
| Fitch Downgrades La Mondiale's IFS to 'A-'; Outlook Negative
|
2009-10-09 |
Fitch Downgrades La Mondiale's IFS to 'A-'; Outlook Negative ## Oct #### #:## AM (EDT) Fitch Ratings-London/Paris-## October ####: Fitch Ratings has today downgraded the French mutual insurance company La Mondiale's Insurer Financial... |
|
|
| Fitch Downgrades Five Tranches of Fornax (Eclipse 2006-2) plc
|
2009-10-09 |
Fitch Downgrades Five Tranches of Fornax (Eclipse ####-#) plc ## Oct #### #:## AM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today downgraded five classes and affirmed three classes of Fornax (Eclipse ####-#) plc's... |
|
|
| Fitch Downgrades Caja Badajoz to 'BBB+'; Outlook Stable
|
2009-10-09 |
Fitch Downgrades Caja Badajoz to 'BBB+'; Outlook Stable ## Oct #### #:## AM (EDT) Fitch Ratings-London/Barcelona-## October ####: Fitch Ratings has today downgraded Monte de Piedad y Caja General de Ahorros de Badajoz's (Caja Badajoz)... |
|
|
| Fitch Assigns 'BB+(ind)'/'F4(ind)' to Vraj Packaging's Bank Loans
|
2009-10-09 |
Fitch Assigns 'BB+(ind)'/'F#(ind)' to Vraj Packaging's Bank Loans ## Oct #### #:## AM (EDT) Fitch Ratings-London/Mumbai/Singapore-## October ####: Fitch Ratings has today assigned India's Vraj Packaging Private Limited a National Long-term... |
|
|
| Fitch to Discuss Western European Banks' Outlook at Dublin Conference
|
2009-10-09 |
Fitch to Discuss Western European Banks' Outlook at Dublin Conference ## Oct #### #:## AM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings will discuss the outlook for Western European banks, including state aid and hybrid deferral... |
|
|
| Fitch Affirms Sistema at 'BB-'; MTS at 'BB+'; off RWN; Outlook Stable
|
2009-10-09 |
Fitch Affirms Sistema at 'BB-'; MTS at 'BB+'; off RWN; Outlook Stable ## Oct #### #:## AM (EDT) Fitch Ratings-London/Moscow-## October ####: Fitch Ratings has today affirmed Russia-based Sistema Joint Stock Financial Corp.'s (Sistema)... |
|
|
| Fitch Affirms JSC Sitronics's IDR at 'B-' ; off RWN; Outlook Negative
|
2009-10-09 |
Fitch Affirms JSC Sitronics's IDR at 'B-' ; off RWN; Outlook Negative ## Oct #### #:## AM (EDT) Fitch Ratings-London/Moscow-## October ####: Fitch Ratings has today affirmed JSC Sitronics's (Sitronics) Long-term Issuer Default (IDR)... |
|
